Vietnam’s green economic growth: From plan to action
According to the Ministry of Industry and Trade, coal-fired power will fall some 23,400 MW, and liquefied natural gas (LNG) power more than 24,300 MW while solar power will grow 33,000 MW, onshore wind power 23,000 MW and offshore wind power 28,500 MW by 2045. Therefore, it is necessary for Vietnam to develop policies that encourage investment in clean energies.
Vietnam’s largest wind power plant goes into operation
Trung Nam, Vietnam’s largest wind farm, officially came into operation in Loi Hai and Bac Phong Communes, Thuan Bac District of South-Central Ninh Thuan Province. This Trungnam group project, combined with a 204 megawatt (MW) solar power plant, forms a unique complex of solar and wind energy farms in the nation and in Southeast Asia. […]
Vietnam’s new PDP Must Optimise Renewables and Avoid Fossil Fuel Lock-in
Implementing Vietnam’s soon-to-be-launched next Power Development Plan will ultimately depend on the country’s ability to mobilize more innovative sources of offshore financing, finds a new report by the Institute for Energy Economics and Financial Analysis (IEEFA).
Vietnam’s Offshore Wind Development Roadmap Report Launch
This roadmap provides strategic analysis of the offshore wind development potential in Vietnam, considering the opportunities and challenges under different growth scenarios. It is intended to provide evidence to support the Government of Vietnam in establishing policy, regulations, processes, and infrastructure to enable successful growth of this new industry.
Vietnam’s offshore wind power capacity to reach 36GW by 2045
Vietnam will increase its offshore wind power capacity to 36 gigawatts (GW) by 2045. The figure has been updated in Vietnam’s latest draft Power Development Master Plan VIII, according to a local report.
Vietnam’s policy on wind power
The supply chain of the UK wind power industry has faced huge challenges from lockdown measures due to the Covid-19 pandemic. A “titan” of the wind power industry, Siemens Gamesa, had to temporarily stop turbine manufacturing. To solve problems of businesses in this industry, on March 30, 2020, the British Government issued a directive on […]
Vietnam’s proposes to extend the solar feed-in-tariff by two years
On 29 January 2019, the Vietnam Ministry of Industry and Trade issued the draft policy to extend the solar feed-in-tariff (FIT) eligibility until 30 June 2021. This is an extension of two years from the earlier 11/2017/QD-TTg. This extension is coupled with a shift from a single standardized FIT, to differentiated FITs based on the […]
Vietnam’s PV Power to list with billion-dollar market cap
PV Power, the country’s second largest power producer, will list on the Ho Chi Minh bourse this month with a market capitalization of $1.5 billion. The Ho Chi Minh Stock Exchange (HoSE) has approved that the firm lists 2.34 billion shares (trading code POW) on January 14 at VND14,900 (64 cents) per share. This would […]
Vietnam’s renewable energy sector is now PE target
Private equity investor’s interest in Vietnam’s renewable energy sector is increasing as the country seeks private investments in the sector. In 2019, renewable energy has become of the most preferred sector for private equity investment in Vietnam, the third after fintech and the education sectors. It is noteworthy that in 2018, the renewable energy sector […]
Vietnam’s renewable energy sources not fully tapped: Experts
The potential of renewable energy sources, especially wind and solar power, is one of the keys to Việt Nam’s energy transformation towards carbon neutrality, but barriers stemming from the unresponsive transmission network and pricing mechanism is wasting the capacity of billions of kWh of electricity, according to experts. According to preliminary surveys and assessments, Việt […]